Yes, it is a fine time to consider purchasing Hedera HBAR, especially given its potential to reach $1 in the future. In 2023, HBAR reached its lowest price on June 16th at $0.0444. Today is June 17th, suggesting we may have seen the bottom for now. Historically, cryptocurrency prices often rise in the first three months of the year due to factors like tax returns, creating a seasonal pattern that tends to repeat annually.

Typically, after this initial rise, prices tend to fall over the next several months, sometimes until the end of December. Last year was an exception, with prices climbing earlier due to the hype around a potential Bitcoin ETF. Looking ahead, unless there is new hype to pump Bitcoin, prices across the crypto market might continue to fall, especially considering the economic outlook. However, the upcoming elections could be a significant event, potentially serving as the next major catalyst for crypto. Notably, Trump has recently become more positive about crypto, and there are rumors about him possibly launching “Trump Coin.”

For Hedera specifically, a major bullish announcement could significantly impact its price. If such news were to come out soon, it could make now an ideal time to buy HBAR. Without any new announcements, the price might drop to around $0.075 within a week. Should Hedera not release any significant news in the coming weeks, the price might break support and fall to around $0.068.

Look, if you believe in Hedera’s long-term potential, which many of us do, now could be the best time to invest in HBAR.